1111 90th Street Everett, WA 98204 – 1111 90th Street SW

1111, 90th Street, Everett, WA  98204

For Sale

Type
For Sale / Multi Family

1111 90th Street SW (Status: Available) 4500000

1111, 90th Street, Everett, WA  98204

Tara Townhomes located in the quiet neighborhood of Westmont, a 12 unit Townhome property is a true value add opportunity. Each unit is a 2 bed 1.5 bath, 1,007 sqft. 24 parking spots total and plenty of storage. Each unit has it’s own private yard and deck. All units will be Month to Month by the end of August with the new owner able to immediately raise rents and renovate units upon turnover. Market Rate Rents offer a 28% immediate increase and Renovated Rents as high as 59%. The current Owner has taken tremendous care of the property. With simple market rent increases you will be able to get to a 5.1% Caprate and with Renovations to a 6.2% Caprate. No Tours until Mutual Acceptance. Please reach out to Listing Agent for Marketing Materials.Financials are Proforma

Listing Details

Asset Class: Multi-Family
Year Built: 1984
Building Total Square Feet: 11856
Available Lease Space Square Feet:
Number of Floors: 12
Total Parking Spaces: 0
Local Zoning Information: R3L

CBA

Listing Courtesy of: Kidder Mathews

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.

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